The Federal Reserve: More Lethal than Coronavirus
• Ron Paul Liberty ReportLast week the Federal Reserve announced it will keep interest rates at or near zero until the economy recovers from the government-imposed shutdown.
Contents Pages by Subject
Economy - Economics USA
SoftBank-Backed Home-Flipping Company Says It's Time To Resume Buying Properties
• Zero Hedge - Tyler DurdenOpendoor, a company backed by SoftBank that specializes in buying homes and flipping them, says now is time to get back into the market.
Warren Buffet in Cash as Federal Reserve Props Up Zombie Companies
• https://www.nextbigfuture.com, by Brian WangLegendary stock market investor Warren Buffet added $10 billion in cash in the first quarter of 2020.
The Invisible Hand Of Markets Is Handcuffed To QE-Infinity... There Will Be Consequences
• https://www.zerohedge.com, Tyler DurdenWhy that's absurd, the wing is on the bird"
"We're All Born Hunters" - Americans Turn To Hunting Game Amid Pandemic Food Shortage
• https://www.zerohedge.com, Tyler DurdenThe slowdown or even the shuttering of meat processing plants due to coronavirus outbreaks has led to meat shortages and soaring food inflation.
Bankrupt Cities And States Get The National Disaster They've Been Hoping For
• https://www.zerohedge.com, Tyler DurdenThe people running states like New Jersey and cities like Chicago know they're broke.
The Peking Pox And The End Of America
• https://zerogov.com, By Bill BuppertWhat we have learned from the Peking Pox:
Reopening in Words Only?
• https://www.paulcraigroberts.orgPaul Craig RobertsThe "reopenings" underway in 30 states in the US might be in words only just as the ballyhooed "open" Swedish economy is not open in fact and has been closed by non-participation.
Donald J. Trump: Patient Zero of Lockdown Nation's Covid Hysteria, Part 1
• https://www.fff.org, by David StockmanAccording to the CDC's long established mortality models, 687,000 Americans were supposed to die during the 12 weeks between February 1 and April 18.
Gundlach Stunned To Learn Fed Hasn't Purchased A Single Corporate Bond Yet
• https://www.zerohedge.com, by Tyler DurdenYesterday, when discussing the Fed's latest $6.66 trillion balance sheet, we said that more than one month after the Fed announced its backstop for investment grade bonds and ETFs...
Dr. Fauci Took Buffoonish Projections from Garbage Investigator to Crash US Economy...
• https://www.thegatewaypundit.com, By Jim HoftWe now know that the China coronavirus is deadly disease -- except for with children and healthy adults. If you're in your 70s or 80s with comorbidities it can be very deadly.
"They're All High On Fed Fairy Dust..."
• https://www.zerohedge.com, Tyler DurdenEverybody realizes the US economy is in a bad spot. But most people still seem to believe it will bounce right back once we deal with the coronavirus.
Buckle Up for Economic Destruction
• https://economicprism.com, by MN GordonThe S&P 500's up over 30 percent from the March 22 closing low. What's more, it's only about 18 percent from its February 16 all-time closing high. Could it be that the market storm's behind us and only sunny clear skies are ahead?
Wall Street's Financial Crisis Preceded COVID-19: Chart and Timeline
• By Pam Martens and Russ MartensIf a reputable polling outfit were to ask Americans what caused the current financial crisis on Wall Street, they would say the coronavirus COVID-19 pandemic.
Fed is Handing Out Money With No Effective Conditions
• https://www.thestreet.com, MishNeed money? No Problem. But you better hurry cause it's going fast.
Government Is On The Hook To Forgive Hundreds Of Billions In PPP Loans, Has No Idea How They'll
• https://www.zerohedge.com by Tyler DurdenAs with any piss-broke society that functions purely by taking on massive amounts of debt via money printing to try and keep itself afloat, the next obvious step after Central Banks make "loans" by printing money, is inevitable defaults.
What Is The NFL Telling Us About The Economy?
• https://www.zerohedge.com by Michael MaharreyThe conventional wisdom seems to be that the economy will quickly recover once governments open things up again. But recent moves by the National Football League indicate its leadership isn't so confident.
Amazon Shares Tumble 6.4% As House Launches Perjury Probe, Calls Bezos To Testify
• https://www.zerohedge.com, Tyler DurdenAfter a report in the Wall Street Journal appeared to show that Amazon used data gleaned from third-party transactions and used it to for the company's own competitive advantage on its platform, the House Judiciary Committee on Friday announced that
CORONAVIRUS: A NATION DIVIDED
• www.youtube.com, The HighWire with Del BigtreeA Virus with a Political Bias?; New York's Tragic Missteps; Chloroquine vs. Remdesivir; W.H.O-Tube; Pharma Owns TV Docs?
SEC Announces Next Step in Pandemic Response Efforts...
• https://www.natlawreview.com, Michael R. MacPhailAs we noted earlier this month, the SEC has sought to proactively combat fraud related to the coronavirus/COVID-19 pandemic and related economic crisis by suspending the trading of at least eleven different companies since February 7, 2020. On Friday
Pucker Up! The Fed Is Trying To Put Lipstick On A Pig; Leave No Asset Behind
• Change the News - Picciott - SneisenToday, Tim and recurring guest John Sneisen (The Economic Truth) discuss the phrase putting lipstick on a pig and what that means relative to the global economy and the potential end of lock downs in some states.
Host:
Ernest Hancock
05-01-20 -- Ernest Hancock LIVE from The LOV3 Bus - Tim Picciott = TheLibertyAdvisor (MP3/VIDEO)
Program Date:Ernest Hancock LIVE from The LOV3 Bus in Phoenix, AZ - Tim Picciott joins the show in the LOV3 Bus Studio for The Economic Report
"Give People Their Freedom Back!" Elon Musk Calls For Re-Opening America
• https://www.prisonplanet.com, Paul Joseph WatsonTesla CEO suggests lockdown isn't saving lives.
No Junk Debt Is Too Risky: Thank You Fed
• https://www.zerohedge.com, by Mike ShedlockThe Fed hasn't even started buying corporate bonds. Yet the mere perception of Fed backing helps risky firms borrow anew.
Are You Ready For The Great Depression Of The 2020s?
• https://www.zerohedge.com, Tyler DurdenFor those of you that were expecting just a "deep recession", I am afraid that you are going to be very disappointed.
Wealthy Investors Aren't Chasing The Rip, They're Waiting To Buy The Dip
• https://www.zerohedge.com, Tyler DurdenJeff Gundlach and Kyle Bass are not the only ones who think the market's April rally has gone to extremes. A new poll via UBS Global Wealth Management shows increasing concern among the world's wealthiest investors that a pullback in the stock market
Powell: "Now Is Not The Time To Be Concerned About Debt"
• https://www.zerohedge.com, Tyler DurdenIn what was perhaps the most illuminating soundbite from the Powell press conference, in response to a question about the sustainability of the US fiscal trajectory in general, and the soaring debt and deficit in particular - both of which the Fed is
Saks Fifth Avenue Is Latest Mall Anchor To Prepare For Bankruptcy Filing
• https://www.zerohedge.com, Tyler DurdenMacy's, JCPenney, Neiman Marcus, and now Saks Fifth Avenue: in just a few weeks, the four core pillars and anchor tennants of the US mall sector will file for bankruptcy.
Over 40% Of San Diego Residents Turned To Food Banks Last Month
• https://needtoknow.news, ZeroHedgeReuters reported that 1 in 7 Americans relied on food banks before the coronvirus panic but demand now has doubled or tripled. Food-bank networks are running out of staple goods. San Diego, Chicago, and Houston are other cities that reported dwindlin
A Federal Bailout Won't Fix States' Finances
• https://www.zerohedge.com, by Kevin William sonBailing out the Illinois state pension system is the worst idea from a week in which we were discussing the health benefits of mainlining Lysol. (Please do not mainline Lysol. It will kill you.)
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